At the World Economic Forum in Davos, Switzerland, Robert Johnson, president of the Institute of New Economic Thinking claimed that the world’s elite super rich are indeed worried about inequality in a big way. Not about solving it, but about having escape plans if growing unrest leads to a global uprising.
“I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” Johnson said.
He described witnessing a trend of those financiers nervous about becoming targets of the masses buying up land and building homes in remote places where they can escape to if public fury escalates. Johnson cites Ferguson and 2011 London riots as sources of this spreading fear.
He added: “I think the rich are worried and they should be worried. I mean inequality, why does it matter?
“Most people have heard the Oxfam statistics that now we’ve got 80, the 80 richest people in the world, having more wealth that the bottom three-point-five billion, and very soon we’ll get a situation where that one percent, one percent of the richest people have more wealth than everybody else, the 99.”